BELAFRIC: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
BELAFRIC
Largest movements
- Receivables within one year -€16,745
down €16,745 (-21.2%), from €79,097 to €62,351
of which Other amounts receivable: -€24,851
- Cash +€2,793
up €2,793 (+570.5%), from €490 to €3,283
mainly Receivables within one year (+€16,745) and Net result for the year (+€6,698)
- Advances received -€20,641
no longer reported in 2024 (was €20,641)
- Tax, wage and social debts -€9,736
down €9,736 (-25.5%), from €38,192 to €28,456
of which Remuneration and social security: -€22,853
- Profit (loss) carried forward +€6,698
up €6,698 (+97.7%), from €6,853 to €13,551
- Trade debts +€6,327
new in 2024: €6,327
- Current portion of long-term debt +€3,400
new in 2024: €3,400
- Staff costs -€23,748
down €23,748 (-63.4%), from €37,463 to €13,715
- Gross operating margin -€23,395
down €23,395 (-48.0%), from €48,775 to €25,380
- Taxes +€2,112
up €2,112 (+84.6%), from €2,495 to €4,606
From the 2023 result to the 2024 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €79,586 | €65,634 | -€13,952 | -17.5% |
| Current assets | 29/58 | €79,586 | €65,634 | -€13,952 | -17.5% |
| Amounts receivable within one year | 40/41 | €79,097 | €62,351 | -€16,745 | -21.2% |
| Trade receivables | 40 | €25,530 | €33,636 | +€8,106 | +31.7% |
| Other amounts receivable | 41 | €53,566 | €28,716 | -€24,851 | -46.4% |
| Cash at bank and in hand | 54/58 | €490 | €3,283 | +€2,793 | +570.5% |
| Total equity and liabilities | 10/49 | €79,586 | €65,634 | -€13,952 | -17.5% |
| Equity | 10/15 | €20,753 | €27,451 | +€6,698 | +32.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,500 | €1,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,500 | €1,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,853 | €13,551 | +€6,698 | +97.7% |
| Amounts payable | 17/49 | €58,833 | €38,183 | -€20,650 | -35.1% |
| Amounts payable within one year | 42/48 | €58,833 | €38,183 | -€20,650 | -35.1% |
| Current portion of amounts payable after more than one year | 42 | - | €3,400 | +€3,400 | |
| Trade debts | 44 | - | €6,327 | +€6,327 | |
| Suppliers | 440/4 | - | €6,327 | +€6,327 | |
| Advances received on contracts in progress | 46 | €20,641 | - | -€20,641 | |
| Taxes, remuneration and social security | 45 | €38,192 | €28,456 | -€9,736 | -25.5% |
| Taxes | 450/3 | €10,504 | €23,620 | +€13,117 | +124.9% |
| Remuneration and social security | 454/9 | €27,689 | €4,836 | -€22,853 | -82.5% |
| Remuneration, social security and pensions | 62 | €37,463 | €13,715 | -€23,748 | -63.4% |
| Other operating charges | 640/8 | €48 | €34 | -€14 | -28.5% |
| Gross operating margin | 9900 | €48,775 | €25,380 | -€23,395 | -48.0% |
| Operating profit (loss) | 9901 | €11,264 | €11,631 | +€367 | +3.3% |
| Financial charges | 65/66B | €514 | €327 | -€187 | -36.4% |
| Recurring financial charges | 65 | €514 | €327 | -€187 | -36.4% |
| Profit (loss) for the period before taxes | 9903 | €10,751 | €11,305 | +€554 | +5.2% |
| Income taxes | 67/77 | €2,495 | €4,606 | +€2,112 | +84.6% |
| Profit (loss) for the period | 9904 | €8,256 | €6,698 | -€1,558 | -18.9% |
| Profit (loss) for the period to be appropriated | 9905 | €8,256 | €6,698 | -€1,558 | -18.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.